Earnings

Earnings season kicks off soon and results could be better than feared

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Earnings season kicks off in a couple weeks, and here’s why it may be better than expected.

The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results.

“September has been a rough month for global equities,” Earnings Scout’s Nick Raich said in a recent report to clients. “However, it has been a fantastic month for earnings.”

Why all the optimism? Raich believes that based on early results, there is a very high chance that companies are going to be reporting substantially higher earnings than have been estimated, just as they did in the second quarter.

Raich…



Source cnbc.com

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